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The minimum qualifications for a yacht Captain position include: 3-5 years' experience as a Chief Officer/Mate. 5+ years' experience as a Yacht Captain for larger yachts. License depending on the tonnage of the yacht. ... Typically, a 200-ton license is the minimum license required up to a Master Unlimited.
Captain for hire rates by the hour average between $50 and $100 per hour depending on region and what is being asked of the captain. Captain for a day rates average between $500 and $1000 per day.
The first place to go to when looking for a qualified captain is a yacht brokerage. This type of business regularly hires professionals to move newly-sold yachts to new berths or to transport listed vessels, so it only makes sense to come to them first.
A Senior Master captain is usually employed onboard large vessels, which are generally in the range of 170ft and 200 ft long or more. The salary range that such a captain can expect tends to vary between $140,000 and $300,000 per annum.